For some time now, this set of responsibilities and their fulfillment has been referred to as labor compliance: it is the fulfillment of current labor regulations, in addition to the contractual obligations committed to its workers.

Good compliance in these areas is extremely important, and it is essential to have a team of experts working on your company's current situation in this area, how it can improve, what the current scenario is, and how we can improve it. A good team of professionals specializing in this area is key to avoiding future problems in these areas, such as late payments or non-compliance, which can lead to serious issues such as lawsuits or fines.

Issues to consider in relation to labor compliance

The most important areas to rigorously monitor and examine are:

• Employment contracts: payment of wages, termination of contracts, severance pay.
• Status of your employees: employees, independent contractors (freelancers), foreign nationals. 
• Attendance records, days off, vacations, sick leave, public holidays.
• Bonuses and benefits agreed upon in the contract.
• Internal rules on order, safety, hygiene, and other related legal protocols.

Get advice from experts in labor compliance

The best way to meet your obligations, keep your books and deadlines up to date, and thereby create a climate of peace of mind and trust inside and outside your business is to implement a labor compliance program. If you seek expert advice from Wiseplan, we will develop a structure and plan to follow, based on a labor compliance plan. This way, you will know which obligations are the most important and urgent to fulfill, and the deadlines for each one. By maintaining guaranteed order and clarity, you can be confident that you will not overlook any labor obligations, preventing unfavorable scenarios in the best possible way.

From Wiseplan, our recommendation for companies that wish to establish a culture of compliance in the field of labor law is to propose conducting a Labor Compliance Audit, whose mission is to establish a baseline that reflects the company's level of adherence to and respect for legal provisions.

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